BOB'S REVIEW
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May 8th  05/08/17 4:47:08 PM

Planters began to roll again late last week.  Will we get most of the corn planted and a lot of beans planted in this area before the next big rain out.  Bring on the heat!  I think we can handle it.  Only 44 more days until we start losing day light.
 
Today’s national corn planting report showed 47% and the beans stand at 14 % complete as of Sunday night.  The southern part of the eastern corn belt is an area behind last year and 5 yr average.  Won’t take long to get caught up if they are given a week or 10 days of dry weather.  Next week’s figures may be closer to normal.  The water level on the Mississippi south of St. Louis should get back to normal in less than a week.
 
We have a lot of old crop inventory to work through this summer.  Basis hasn’t been too bad but should get pretty wide before harvest if we don’t have an issue with our growing season.   It’s early but most areas have a pretty good supply of subsoil moisture.  The SA crop will continue to get larger.  They didn’t have many problems with their growing season.  Planting progress or lack thereof and weather will determine market direction. 
 
We’ve completed most the repairs around the facility.  Damage from the hail storm a couple of weeks back should be completed by mid-June. 
 
Have a good week and make sure you get some sleep.
 
Bob
 
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